Lonestar West Reports Q1 Results

Lonestar West Inc. (TSX VENTURE:LSI) today announced strong revenue growth with
the release of financial results for the three month period ending September 30,
2013.


Lonestar is pleased to announce it has once again achieved strong revenues in
the first quarter of fiscal 2014 which included strong results in the US, as
well as it is continuing its growth strategy by increasing its overall fleet
with the addition of 6 HVAC trucks, 1 Vacuum truck and 2 additional Lease
Operator units for a total of 61 units available to the Company as of September
30, 2013. 


Highlights for the three-month period ended September 30, 2013 include:



--  Revenues increased 34.8% to $8,300,540 from $6,156,643 in the previous
    year equivalent quarter. 
    
--  EBITDAC decreased 20.6% to $911,634 compared to $1,267,230 in the
    previous year equivalent quarter. 
    
--  EBITDAC per share decreased 50% to $0.04 from $0.08 for the
    corresponding quarters as a result in part of the issuance of 2.17
    million shares in November 2012 for gross proceeds of approximately $3
    million as well as the issuance of 3.90 million shares in July 2013 for
    gross proceeds of approximately $10.1 million. 
    
--  Income before taxes was $122,481 a $706,104 decrease in comparison to
    the $828,525 net income before taxes in the previous year equivalent
    quarter. 
    
--  Net income for the quarter was $91,981 compared to net income of
    $664,585 in the previous year equivalent quarter. 



The Company experienced strong revenues in the first quarter as a result of
management implementing its strategy of growing its fleet and market presence in
key areas in the U.S. Revenues generated in the U.S. accounting for 25% of the
Company's consolidated revenue. EBITDAC declined year over year as a result of
management implementing a platform for future growth. In addition, the impact of
weather conditions in Canada and a slight slowdown in the oil and gas sector in
Canada had a direct impact on our Canadian utilization rates in the first
quarter. This along with increased costs that were incurred in relation to the
recruiting and training of personnel for the expanding fleet and increased
operating costs associated with the increased bases had a direct impact on our
net income and EBITDAC in the first quarter of fiscal 2014. Management is
focused on growing both return on assets and EBITDAC and believes that both will
increase over time as the roll out matures. 


The Company is focused on continuing its expansion program by increasing its
fleet of HVAC and Vacuum trucks, and geographic spread. Subsequent to September
30, 2013, Lonestar added 3 HVAC units, 1 Vacuum unit, and 1 Lease Operator HVAC
to its fleet to bring the total to 66 units available to work. Dependent upon
the delivery schedule of HVAC and Vacuum units, management estimates that it
will add an additional 8 units by December 31, 2013, which would bring the total
of units available to approximately 74. In addition, Lonestar established a base
in Odessa, Texas in October 2013 and a base in San Antonio, Texas in November
2013, both bases will service the oil and gas sector in Texas and will help
expand the Lonestar brand further in the Southern U.S. 


"Lonestar management is pleased with the revenue growth experienced in the first
quarter of fiscal 2013," said James Horvath, CEO and President of Lonestar.
"While we experienced a decline in EBITDAC year over year as a result of
building a platform to base our future growth on, management is working
diligently to utilize its current resources. In addition, management continues
to focus on increasing its revenues by providing exceptional service to our
existing customers as well as winning new customers by increasing our presence
in the U.S. with the establishment of our 2 new bases in Texas." 


About Lonestar West

Based in Sylvan Lake, Alberta, Lonestar West Inc. operates a fleet of 66 HVAC
and Vacuum trucks throughout Western Canada, California and Oklahoma and has
recently expanded into Texas. It is focused on profitably growing its HVAC
services to become a major competitor in the North American market.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
[e-mail]
www.lonestarwest.com


Investor Relations
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Jeff Walker
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